CBS Corporation (NYSE:CBS) has been downgraded to Market Perform in a report by BMO Capital Markets today.
- Updated: November 26, 2016
BMO Capital Markets has downgraded CBS Corporation (NYSE:CBS) to Market Perform in a statement released on 11/23/2016.
Only yesterday CBS Corporation (NYSE:CBS) traded 1.52% higher at $60.93. The company’s 50-day moving average is $57.19 and its 200-day moving average is $54.31. The last closing price is up 12.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 1,191,387 shares of CBS Corporation exchanged hands, down from an avg. volume of 4,756,330
Recent Performance Chart
CBS Corporation has a 52 week low of $41.36 and a 52 week high of $61.34 with a P/E ratio of 17.11 CBS Corporation’s market capitalization is presently $0.
A total of 1 analyst has released a report on CBS Corporation. 0 firms rating the stock a strong buy, 0 equity analysts rating the company a buy, zero equity analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month price target of $63.00.
General Company Details For CBS Corporation (NYSE:CBS)
CBS Corporation is a mass media company. The Company's segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films. The Company's Cable Networks segment is composed of Showtime Networks; CBS Sports Network, and Smithsonian Networks. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints, such as Simon & Schuster, Pocket Books, Scribner, Gallery Books, Touchstone and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, its approximately 30 owned broadcast television stations, and CBS Radio, through which it owns and operates radio stations in the United States markets. It operates businesses, which span the media and entertainment industries.
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